Published on February 5th, 2015 | by William Charles149
Synchrony To Replace Chase As BP Credit Card Partner
Update: New cards have launched, you can read our full review of these here. If you are having troubles with your new account from Synchrony, I’d recommend contacting them directly. This site is not affiliated with Synchrony or Chase or BP.
BP is set to replace Chase with Synchrony (formerly GE Capital) as their credit card partner in the second quarter of 2015. Synchrony will be responsible for issuing co-branded and private label credit cards on behalf of BP. The co-branded credit cards will be able to be used at all of the BP locations and anywhere else credit cards are accepted. Whilst the private label credit cards will only be able to used at BP locations.
A representative from BP stated that they plan to release details about the new cards by the end of March 2015. They also stated that existing Chase BP cardholders would be transitioned onto the new cards. At the moment Chase offers two BP cards:
- BP Visa® Card with Pump Rewards:
- 25¢ per gallon rebates for every $100 in purchases made in the first 60 days – except on purchases made at non-BP gas stations
- After the first 60 days you’ll earn 15¢ in cents per gallon rebates for every $100 in purchases made at BP
- Earn 5¢ in cents per gallon rebates for every $100 in purchases made everywhere else – except on purchases made at non-BP gas stations
- BP Card with Pump Rewards: Earn 5¢ in cents per gallon rebates for every $100 in purchases made at BP
It’ll be interesting to see if Synchrony changes the reward structure on these cards or decides to keep it the same. With gas prices plummenting a fixed value rebate per gallon becomes a lot more attractive for consumers. Chase declined to comment for this story.